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Other precious metals, including silver, platinum and palladium, also declined sharply. Gold dropped 2% on Friday as surging Treasury yields and a stronger U.S. dollar dulled its appeal, with higher oil prices and persistent tensions in the Middle East reinforcing expectations of higher interest rates. Spot gold was down 2.2% at $4,546.45 per ounce by…

Gold prices down in India | Photo Credit: K K Mustafah Gold prices in India saw decrease today across all cities. The price for 8 grams of 24-carat gold also dropped in all cities compared to yesterday. Below is a detailed breakdown of gold prices in key cities. Gold rates in India: Gold prices in…

Gold prices fell sharply on Thursday and extended losses into Friday, pressured by a stronger US dollar, rising Treasury yields, and diminishing expectations of Federal Reserve rate cuts following hotter-than-expected inflation data. Spot gold settled near $4,650 per ounce on Thursday, down about 0.8 per cent on the day, and weakened further toward $4,610 on…

Gold ‌discounts in India jumped to a record this week ​as a sharp import duty hike slowed demand ⁠and triggered investor selling, while investment demand kept Chinese premiums firm. Dealers in India quoted discounts of up to $207 an ounce over official domestic prices ‌this week, inclusive of 15 per cent import and 3 per…

Stack of gold bars. | Photo Credit: DigitalVision A day after the Finance Ministry increased import duty on gold to 15 per cent from 6 per cent to discourage inflows, the Directorate General of Foreign Trade (DGFT) has tightened the regulatory framework for duty-free gold imports used by the gems and jewellery sector as inputs…

Gold prices down across India on May 14 | Photo Credit: RUPAK DE CHOWDHURI Gold prices in India saw decrease today across all cities. The price for 8 grams of 24-carat gold also dropped in all cities compared to yesterday. Below is a detailed breakdown of gold prices in key cities. Gold rates in India:…

Gold was largely steady ​on Thursday, as investors focused on a meeting ⁠between U.S. President Donald Trump and his Chinese counterpart Xi Jinping, while digesting a rise in U.S. inflation driven by the increased ‌energy costs linked to the Iran war. Spot gold inched up 0.1% at $4,689.79 per ounce, as of ‌0931 GMT. U.S….

Gold prices ticked ‌up on Thursday, as investors focused on talks between US ​President Donald Trump and his Chinese counterpart Xi Jinping, looking ⁠for signs of a resolution to the Iran war. Spot gold inched up 0.4 per cent at $4,707.08 per ounce, as of 0732 GMT. US gold futures for June ‌delivery rose 0.4…

Gold and silver markets posted mixed results on Thursday, with gold touching record highs while silver retreated, as geopolitical tensions and macroeconomic shifts continued to drive commodity markets. Internationally, gold is trading at $4,705 per ounce, up 0.16 per cent, while the domestic MCX price hovers near the ₹1,61,500–₹1,62,000 zone following a sharp breakout in…

SBI Research expects a moderation in import volumes following the latest duty hike | Photo Credit: FRANCIS MASCARENHAS The recent increase in customs duty on gold imports to 15 per cent could push up domestic gold prices, alter physical market dynamics and have implications for India’s current account deficit (CAD), according to a report by…